WebQuest

The Industrial Revolution

Capitalism v. Communism

The Industrial Revolution, to some, was class warfare. The rich were getting richer and the poor were getting poorer. In response to this, different types of economic systems were developed. The following information will give you a better understanding of the world you know-Capitalism, but will also develop your knowledge of Communism and why it appealed to the general masses.

Complete the following on CAPITALISM:

1. Define (use your textbook):

-laissez faire

-Adam Smith

-capitalism

2. The father of capitalism, Adam Smith stated that there were three natural laws of economics. Please list and describe (textbook).